Tag Archives: moneymarkets

British Gas owner Centrica swung to a loss of £1.1billion last year, with the group blaming the Government’s energy bill price cap and lower natural gas prices for its fall in fortunes.  The energy group’s annual pre-tax profit was wiped out in a dramatic reversal of the £575million it banked …

ON THE BOARD: Former ITV boss Adam Crozier made chairman of research firm Kantar By Daily Mail City & Finance Reporter Published: 21:51, 10 February 2020 | Updated: 21:51, 10 February 2020 Former ITV boss Adam Crozier has been made chairman of research firm Kantar. The company said the 56-year-old, …

MARKET REPORT: Fund supermarket Hargreaves Lansdown takes another blow as founder Peter Hargreaves flogs £550m worth of shares By Francesca Washtell For The Daily Mail Published: 21:48, 7 February 2020 | Updated: 21:48, 7 February 2020 Fund supermarket Hargreaves Lansdown took another blow as its founder Peter Hargreaves flogged £550m …

Investors in Royal Mail face further reductions in their dividends, German bank Berenberg has warned. Analysts said the FTSE 250 firm’s turnaround plans, which are aiming to move it away from letters and toward more profitable parcel deliveries, were becoming ‘increasingly difficult’ and cuts to earnings alongside higher spending would …

Asos smashes through £1bn in sales as the online fashion shop cashes in on Black Friday while putting IT and warehouse problems behind it The chairman of Asos is the former Royal Mail and ITV boss Adam Crozier The firm is headquartered in an Art Deco former cigarette factory in …

Shares in Card Factory have slumped after the group revealed it suffered a ‘challenging’ period of trading over Christmas and lowered its full-year earnings outlook. Blaming dwindling High Street footfall, the General Election and weak shopper sentiment, Card Factory said Christmas trading had been ‘softer’ than expected and revealed it …

Christmas presents could be left sitting in warehouses as Argos workers vote to strike over festive period South Western Railway and English universities are also affected by strike action  Barton, Staffordshire is the main distribution site for electrical items from Argos  Unite regional officer: ‘The treatment of these workers has …

Analysts say millions of savers with cash tied up in utilities, telecoms and banks risk being ‘crushed’ if a Labour government is elected By Matt Oliver For The Daily Mail Published: 21:58, 2 December 2019 | Updated: 21:58, 2 December 2019 Millions of savers with cash tied up in utilities, …

Wealth manager St James’s Place has been rocked this year by allegations of forgery, mis-selling, lavish staff spending and is facing a legal case brought by former footballers. But it was a swipe from Goldman Sachs analysts that sent shares in the FTSE 100-listed group lower yesterday. Goldman bucked the …

Influential City investors put pressure on 15 major companies, including Royal Mail and Just Eat, to improve workers’ pay By Daily Mail City & Finance Reporter Published: 21:58, 28 November 2019 | Updated: 22:02, 28 November 2019 Influential City investors have put pressure on 15 major companies, including Royal Mail …